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PPP Loan Report

AcroSports was fortunate to receive a PPP (Paycheck Protection Program) loan in mid-April. A component of the CARES Act passed by Congress, the PPP loans are fully “forgivable,” as long as their expenditure falls within certain parameters, with the emphasis being to employ as many people as possible, thus lessening the burden of the growing rolls of people on Unemployment. Your tax dollars at work!

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